Operational Risk Monitoring & Reporting Officer at Kuda Bank Full Time

Job Title: Operational Risk Monitoring & Reporting Officer

Location: Lagos

Role Overview

• The primary responsibility of this role is to identify, assess, and mitigate both inherent and residual risks within acceptable limits, while also addressing emerging risks in the business environment.

Responsibilities

• Development and review of Key Risk Indicators (KRIs)
• Conduct products and process risk identification/ assessment and prepare risk assessment reports.
• Develop questionnaires, anchor RCSA workshops and analyse RCSA results
• Review departmental risk registers and highlight emerging risks
• Ensure that the Bank adopts best industry practices for collecting, consolidating, analyzing, quantifying, and reporting operational loss data.
• Facilitate Bank-wide ORM training and sensitisation programs, ensure risk culture is embedded in the system through sensitisation programs and training bank-wide
• Conduct scenario analysis in line with the standards stated in the Scenario Analysis Framework at ORMC Meetings
• Perform environmental scanning and advise Management on risks to the Business, conduct research and propose new ideas to aid management of Op-Risk
• Identify, assess, and suggest mitigants to address strategic risks that could hinder the achievement of Corporate goals
•  Prepare reports for MRC and BRMC presentations.
•  Anchor ORMC meetings to promote risk management knowledge and culture among Risk Champions.

Requirements

• First Degree in numerate / Social sciences.
• Minimum of 5 years cognate experience preferably in audit or banking industry
• Expertise with a strong understanding of operational risk frameworks, including Key Risk Indicators (KRIs), Risk Control Self-Assessment (RCSA), and Scenario Analysis, as well as experience in conducting risk identification, assessment, and mitigation planning.
• Data analysis and reporting skills, including proficiency in analyzing risk data, consolidating operational loss information, and preparing detailed reports for senior management, with the ability to identify emerging risks and develop actionable insights from environmental scanning and scenario analysis.
• Training and sensitization capability with a proven track record of developing and delivering training programs to embed a strong risk culture across the organization, as well as creating educational content and facilitating bank-wide sensitization initiatives.
• Strategic and critical thinking with strong research and advisory skills to monitor external environments, assess strategic risks, and propose innovative risk management solutions aligned with the bank’s corporate goals.

Application Closing Date
Not Specified.